Certified Bank Auditor - CBA

DEFINITION of 'Certified Bank Auditor - CBA'

A professional designation awarded by the Bank Administration Institute (BAI) Center for Certification to financial auditing professionals who pass a four-part multiple-choice exam within a three-year eligibility period. Most candidates must also have an undergraduate degree and at least two years of professional bank auditing experience, or a master's degree in business or accountancy plus one year of work experience. Successful applicants earn the right to use the CBA designation with their names, which can improve job opportunities, professional reputation and pay.

BREAKING DOWN 'Certified Bank Auditor - CBA'

Applicants are tested on accounting, auditing principles, bank laws and regulations, and general business principles. Applicants should also be familiar with new industry developments. Every year, CBA professionals must complete 30 hours of continuing professional education and pay a renewal fee to continue using the designation.



RELATED TERMS
  1. Bank Administration Institute - ...

    A non-profit organization that focuses on improving banking standards ...
  2. Associate In Premium Auditing - ...

    Professional designation awarded by the Insurance Institute of ...
  3. Auditing Evidence

    The information collected for review of a company's financial ...
  4. Chartered Market Analyst - CMA

    A professional designation awarded by the American Academy of ...
  5. Audit

    An unbiased examination and evaluation of the financial statements ...
  6. Continuous Audit

    An auditing process that examines accounting practices continuously ...
Related Articles
  1. Professionals

    Internal Auditor: Career Path & Qualifications

    Find out what kind of work internal auditors do in large organizations, and learn more about how to get started working in the field.
  2. Managing Wealth

    An Introduction To The CFA Designation

    The CFA designation is seen as the key certification for investment professionals. Find out what the CFA signifies for candidates and investors.
  3. Personal Finance

    IT Security Auditing

    Find out about this promising career that can match IT with business studies.
  4. Managing Wealth

    Business Analyst: Career Path and Qualifications

    Learn more about professional business analysts, and discover the important role they play in maintaining high efficiency in large organizations.
  5. Personal Finance

    How Does An IRS Audit Work?

    It doesn't automatically mean an IRS agent will be ringing your doorbell. Here are the different types of IRS audits and how to handle them.
  6. Managing Wealth

    Financial Auditor: Career Path & Qualifications

    Learn more about what it takes to become an internal or external financial auditor, and determine whether the profession is right for you.
  7. Investing

    Finding The Right Accounting Certification

    The right accounting certification can open the doors of opportunity.
  8. Investing

    What's an Audit?

    An audit is an objective examination of accounting records that makes sure the records are a fair and accurate representation of the transactions they claim to represent.
  9. Managing Wealth

    Accountant: Career Path & Qualifications

    Learn the different career paths a new accountant can take, and understand the educational requirements for the career, which vary based on position.
  10. Managing Wealth

    CPA, CFA Or CFP® - Pick Your Abbreviation Carefully

    A couple of letters can mean a big difference. Find out which designation you need and how to get it.
RELATED FAQS
  1. What should I do to prepare for an IRS audit?

    Find out how to prepare for an IRS audit, what kinds of audits you might face and what kinds of habits you should develop ... Read Answer >>
  2. What's the average salary of an audit clerk?

    Learn how much audit clerks earn per year on average, and review what these finance professionals and others in similar fields ... Read Answer >>
  3. What is an IRS letter audit / audit by correspondence?

    Learn about IRS letter audits, how tax returns are selected for audits and the common outcomes in the letter audits conducted ... Read Answer >>
  4. If I already hold a professional certification am I eligible for any exemptions from ...

    No. To obtain a CFA designation, you must complete all levels of the CFA program regardless of whether you hold a professional ... Read Answer >>
  5. Can the IRS audit you after a refund?

    Learn how the U.S. Internal Revenue Service (IRS) can conduct a tax audit even after a taxpayer was issued a tax refund in ... Read Answer >>
  6. Where do I get a certificate or other evidence of passing the Series 63 exam?

    Learn more about the use of Series 63 exam results and how passing information is provided to regulators and employers. Find ... Read Answer >>
Hot Definitions
  1. Quantitative Trading

    Trading strategies based on quantitative analysis which rely on mathematical computations and number crunching to identify ...
  2. Bond Ladder

    A portfolio of fixed-income securities in which each security has a significantly different maturity date. The purpose of ...
  3. Duration

    A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. ...
  4. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
  5. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
  6. Front Running

    The unethical practice of a broker trading an equity based on information from the analyst department before his or her clients ...
Trading Center